A compony reported a net income of $340 million for the most recent fiscal year. The firm had depreciation expenses of $115 million and capital expenditures of $145 million. Although it had no interest expense, the firm did have an increase in net working capital of $30 million. What is the company's free cash flow? a. $630 million b. $340 million c. $280 million d. $50 million

A compony reported a net income of $340 million for the most recent fiscal year. The firm had depreciation expenses of $115 million and capital expenditures of $145 million. Although it had no interest expense, the firm did have an increase in net working capital of $30 million. What is the company's free cash flow? a. $630 million b. $340 million c. $280 million d. $50 million

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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